North America Downlight Market Report and Forecast 2024-2032

North America Downlight Market Outlook

The North America downlight market stood at a value of around USD 5.59 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.10% to reach USD 12.21 billion by 2032.

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Increasing Product Demand in Commercial Applications to Bolster the Downlight Industry Growth in North America

The rising utilisation of downlights in commercial structures is likely to be a major factor driving the segment growth. Commercial outlets including restaurants, hotels, pubs, libraries, theatres, malls, and retail outlets, among others are widely adopting these lighting solutions owing to their benefits including reduced maintenance costs, long lasting nature, and enhanced brightness. In addition to this, the growing adoption of LED downlights owing to their energy-efficient properties and improved electrical safety is anticipated to boost the product demand in the forecast period. Furthermore, the rising investments in commercial construction projects are likely to provide impetus to the market in the forecast period.

The United States Accounts for a Significant Share in the Market

The market in the United States is being driven by the expansion of the industrial sector in the country owing to the technological advancements in various industries such as IT and telecom, automotive, and aerospace and defence, among others. In addition to this, the increasing inclination of consumers to achieve greater cost savings is anticipated to propel the market growth in the country in the forecast period. Moreover, the rapid development of commercial structures in the country such as shopping malls, restaurants, hotels, and bars is likely to boost the demand for downlights.

Downlights: Market Segmentation

Downlights are defined as the type of lights which are installed in the surrounding ceilings of various rooms in a house such as small room, bedroom, master-bedroom, living room, and study room, among others. Downlights are usually powered by an LED and are versatile and excellent for multitude of uses throughout the living area.

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Based on application, the market can be segmented into:

• Residential
• Commercial
• Industrial

Among these, the commercial segment can be further divided based on type into retail, hospitality, and offices, among others.

The regional markets for the product include the United States and Canada.

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Rising Demand for Downlights from Various End Use Industries to Boost the Growth of the North America Downlight Industry

Downlights can withstand external shocks and vibrations, can bolster the comfort of the occupants, boost the aesthetic appeal of the interior of the structure, and are great for outdoor lighting systems. These advantages of downlights are likely to drive the market in the forecast period. Meanwhile, the thriving residential construction sector, owing to the increasing population, rising disposable income, and rapid urbanisation, is anticipated to provide impetus to the market in North America. Moreover, downlights consume around 85% less energy compared to traditional halogen or traditional bulbs and help save up to 30% energy compared to CFL lights. Hence, the increasing awareness pertaining to the energy conservation characteristic of the product is likely to aid the market in the forecast period. Furthermore, the increased inclination towards home décor because of the emerging work-from-home culture due to the COVID-19 pandemic is expected to augment the demand for downlights in residential structures in the forecast period.

Key Industry Players in the North America Downlight Market

The report gives a detailed analysis of the following key players in the North America downlight market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Signify Holding
• Cree Lighting
• Acuity Brands Lighting, Inc.
• OSRAM GmbH
• Liteline Corporation
• GE Current
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report